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Turkey extends %35 FX sale requirement for exporters to Oct 31 – cenbank — TradingView News

Turkey’s central bank has extended its requirement for exporters to sell at least 35% of their foreign currency revenues to the central bank until Oct. 31, according to Oficial Gazette regulation on Friday.

The rule, which had been set to expire on July 31, aims to support foreign exchange reserves and stabilize the lira amid ongoing efforts to maintain tight monetary policy, according to a decree published on the Official Gazette.

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